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Bargaining over real-estate: evidence from England

By: Contributor(s): Language: English Publication details: London RICS 2000Subject(s): Summary: This paper presents and investigates a new data set of individual residential property transactions in England. The key novelty of the data that distinguishes our analysis from previous work is the record of all listing price changes and all offers ever made on a property once it appears on the market, as well as all the visits by potential buyers for a subset of the sample. We analyse individual seller behaviour and individual buyer histories within individual property histories. This leads us to establish a number of stylised facts pertaining specifically to the timing and terms of agreement in housing transactions, and more generally, to the whole sequence of events that occurs from initial listing to sale agreement.Summary: This item is no longer available.
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Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 131848-2001

This paper presents and investigates a new data set of individual residential property transactions in England. The key novelty of the data that distinguishes our analysis from previous work is the record of all listing price changes and all offers ever made on a property once it appears on the market, as well as all the visits by potential buyers for a subset of the sample. We analyse individual seller behaviour and individual buyer histories within individual property histories. This leads us to establish a number of stylised facts pertaining specifically to the timing and terms of agreement in housing transactions, and more generally, to the whole sequence of events that occurs from initial listing to sale agreement.

This item is no longer available.